IBPS SO Salary 2023

IBPS SO Salary 2023 In Hand, Check Job Profile And Perks

IBPS SO Salary 2023 has been discussed in detail here. Check the IBPS SO salary 2023 structure, per month salary, job profile, & career growth on this page.

IBPS SO Salary 2023: The Institute of Banking Personnel Selection (IBPS) is an organization that conducts recruitment exams for various banks and financial institutions in India. The IBPS Specialist Officer (SO) exam is a competitive exam conducted by IBPS to recruit specialist officers in different banks and financial institutions in India. IBPS SO Salary 2023 is the center of attraction for candidates to apply for this exam. The salary of an IBPS SO can vary based on factors such as the bank you are working for, your job profile, your experience level, and the location of the bank. The IBPS SO exam is divided into two stages: a preliminary exam and the main exam.

IBPS SO Salary 2023

IBPS SO Salary 2023

Check here the IBPS SO Salary 2023 (Specialist Officer) Officer Scale I, Officer Scale II & Officer Scale III.

IBPS SO Salary 2023
Grade IBPS SO Salary
Officer Scale I Monthly salary– Rs. 36400/-
Pay Scale– Rs. 23700-980/7-30560-1145/2-32850-1310/7-42020
Officer Scale II Monthly salary- Rs. 48800/-
Pay Scale- Rs. 31705-1145/1-32850-1310/10-45950
Officer Scale III Monthly salary- Rs. 64600/-
Pay Scale- Rs. 42020-1310/5-48570-1460/2-51490

It is worth noting that the salary of an IBPS SO can vary based on the bank you are working for. Some banks may offer a higher salary than the one mentioned above.

IBPS SO Salary 2023 Structure

Candidate can see here the salary structure for IBPS SO. Along with gross salary, this contains all the benefits including Perks, Allowances etc.

IBPS SO Salary 2023 Structure
Particulars Details
Gross Salary Rs.38000-Rs.39000
IBPS SO 2022 Pay Scales Rs. 23700-980/7-30560-1145/2-32850-1310/7-42020
Dearness Allowance (DA) 36% of Basic Pay
City Compensatory Allowance 0%-4% (Depending on Tier I to Tier III city)
House Rent Allowance (HRA) 7%-9%(Depends on the Location)
Special Allowance It is about 7.75% of DA+Basic (Incentive or performance-based bonus)
PF Contribution Between Rs. 3000 – Rs. 3500

Some Other Perks & Benefits

  • Conveyance Allowance – The officer gets a fixed amount of fuel and other maintenance allowance for his vehicle per month.
  • Leave Travel Concession (LTC) – LTC is a benefit that an Officer can avail of when needed. It is given at the employer’s discretion.
  • Leave policy – The Officer can take many leaves as per the policy of the banks they have posted into. Officers can take casual leaves, privilege leaves, and any medical leaves. It also permits Women Officers to take 6-month maternity leave.
  • Holiday Homes – Holiday homes of the banks are available for use by the Officer that is posted at major cities and tourist destinations.
  • Entertainment Allowance, Newspaper Allowance and Furniture Allowance are also taken care of by Banks.

IBPS SO Job Profile

The job profile for an IBPS SO will vary depending on the specific role for which the individual is hired. Some common roles for an IBPS SO include:

IT Officer

IT officers are responsible for managing the computer systems and networks of a bank. They handle tasks such as installation and maintenance of software, troubleshooting technical issues, and providing technical support to employees.

Marketing Officer

Marketing officers are responsible for promoting the products and services of a bank. They may also be involved in developing marketing strategies and conducting market research.

Law Officer

Law officers are responsible for advising the bank on legal matters and handling legal issues that may arise. They may also be involved in drafting and reviewing legal documents.

Agricultural Field Officer

Agricultural field officers are responsible for providing credit and other banking services to farmers and rural communities. They may also be involved in providing training and guidance to farmers on financial matters.

HR/Personnel Officer

HR/personnel officers are responsible for managing the human resources functions of a bank, including recruitment, training, and employee relations.

Rajbhasha Adhikari (Scale-I)

The Rajbhasha Adhikari Officer will proofread and translate all the important documents that are used or circulated in the Bank. They organize training sessions for Bank personnel to promote the Official language.

All the important documents are available in Hindi and English Language.

Overall, the job profile for an IBPS SO will depend on the specific role that the individual is hired for. In general, an IBPS SO will be expected to have relevant knowledge and skills in their area of specialization, as well as strong communication and problem-solving abilities.

IBPS SO Promotion & Career Growth

In most banks and financial institutions, promotions are based on a combination of factors, including the individual’s job performance, skills and qualifications, and length of service with the organization. Some banks may also have specific promotion policies in place that outline the requirements and criteria for advancement.

IBPS SO Promotion & Career Growth
Officer Scale Post
Scale I Officer/ Assistant Manager
Scale II Manager
Scale III Senior Manager
Scale IV Chief Manager
Scale V Assistant General Manager
Scale VI Deputy General Manager
Scale VII General Manager

It is worth noting that the salary for an IBPS SO may also be influenced by factors such as location (i.e., salaries may be higher in Tier-1 cities or more expensive areas), the individual’s qualifications and skills, and the overall performance and financial health of the bank. Overall, it is important for IBPS SO to be aware of the factors that can influence their salary and negotiate for fair compensation based on their skills and experience.

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